Nuclear Energy (Financing) Bill Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Richard Fuller
Main Page: Richard Fuller (Conservative - North Bedfordshire)Department Debates - View all Richard Fuller's debates with the Department for Business, Energy and Industrial Strategy
Nuclear Energy (Financing) Bill
Richard Fuller ExcerptsWednesday 3rd November 2021
(3 years, 1 month ago)
Commons ChamberRead Full debate Nuclear Energy (Financing) Act 2022 Read Hansard Text Read Debate Ministerial Extracts
Greg Hands
I will make a little more progress.
RAB is a tried and tested method that has successfully financed other large UK infrastructure projects. The introduction of a special administration regime will prioritise the plant’s opening and continuing to operate in the unlikely event of a project company’s insolvency. That will protect consumers’ investment in the plant and ensure that they realise the plant’s benefit. Members should know that this legislation is not specific to one project, as I have already said, and could be applied to nuclear projects across Great Britain.